ADVANCED MACHINE COMPANY AS: årsregnskap 2023 vs 2022
Shrank 18% on revenue, weaker earnings
approved 2024-06-26; registry 2024-07-08; journal 2024 594740
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVANCED MACHINE COMPANY AS. Revenue 12.69m NOK → 10.36m NOK (-18.4%). Net result +1.60m NOK → +662.4k NOK. Equity 7.07m NOK → 7.73m NOK.
On the constructive side: equity strengthened; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: headcount (årsverk) changed. All figures are taken from the published annual accounts for ADVANCED MACHINE COMPANY AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 7.07m NOK → 7.73m NOK (equity ratio 65.4% → 77.3%). Calculated
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↑
Cash rose
Bank deposits 5.76m NOK → 6.70m NOK (+16.1% YoY). Calculated
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↑
Payroll decreased
Salary cost 5.57m NOK → 4.23m NOK (44% → 41% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 12.69m NOK to 10.36m NOK (-18.4% YoY). Calculated
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↓
Operating result weakened
Operating result +2.01m NOK → +769.7k NOK (op. margin 15.8% → 7.4%). Calculated
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↓
Net result weakened
Net result +1.60m NOK → +662.4k NOK (net margin 12.6% → 6.4%). Calculated
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↓
COGS moved
COGS / varekostnad 2.87m NOK → 3.14m NOK (+9.7% YoY). Calculated
Things to notice
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·
Headcount (årsverk) changed
Reported FTEs 8 → 6. Reported fact